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146 N Street

Updated Dec 4, 2024

John Burns Realty Represents Buyer In $1.775M Sale Of South Boston Multifamily Property
SOLDMultiFamily

John Burns Realty Represents Buyer In $1.775M Sale Of South Boston Multifamily Property

146 N Street

$1,775,000

$535/SF

Building Size

3,312 SF

Asset Type

MultiFamily

Closing

Jul 23, 2024

About this deal

AI

A multifamily property located at 146 N Street, South Boston, has been sold for $1,775,000. The property features a total of 3,312 square feet and is composed of 8 bedrooms and 3 bathrooms. Built in 1905, this asset showcases a price per square foot of $536, highlighting its market value within the area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,775,000
  • Address: 146 N Street
  • Market: South Boston, MA
  • Square Feet: 3,312
  • Price per Square Foot: $536
  • Bedrooms: 8
  • Bathrooms: 3
  • Year Built: 1905

The buyer was represented by John Burns from John Burns Realty, while the seller was represented by Paul Gannon from the Law Office of Paul J. Gannon. Their involvement facilitated the completion of the transaction for this multifamily asset in South Boston.

Players

John Burns

Broker

$10.4M

vol

3 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $535 per square foot on a published $1.8M for 3,312 square feet (2024).

Visit John Burns to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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